Financial Statements and Audit Co-ordination
- Logos prepares the year-end pension plan financial statements and all required note disclosure that is required by the applicable regulator (ie. FSCO, OSFI, etc.) and the adopted accounting standards (i.e. CPA Canada Handbook Section 4600, ASPE, IFRS).
- Logos co-ordinates the audit process from beginning to end on behalf of management. This includes meetings with the auditor, preparing an audit package of Logos exhibits and audit working papers for the auditor and explaining/resolving the vast majority of audit queries.
- Audit support files in respect of all figures contained in the financial statements (and notes) are completed and provided to management and the auditor.
- All year-end figures are presented on a full trade-date basis in accordance with applicable accounting standards.
- Logos calculates and records year-end accruals for contributions-in-transit, benefits payable, accrued expenses and any other receivables/payables.